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Get your taxes done using TurboTax
You can ask here by replying. Or, when you are in your TurboTax Online account, you can click the Live Tax Advice (in the upper right hand corner) and choose Live Assisted tax prep. Or try this contact method.
Unlike a loan against your 401(k), a hardship withdrawal can’t be repaid. It'll be treated as a taxable distribution and reported on a 1099-R. If you live in a federally declared disaster area, the 10% early withdrawal penalty for accounts up to $22,000 for tax year 2024 waived.
For more info, see this TurboTax FAQ
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February 3, 2025
8:26 PM